Despite a difficult year due to the recession, b-schools in general were able to make a turnaround in terms of placement rates. The market for MBA graduates has made a rebound from probably one of the most difficult MBA hiring seasons ever. Many of the top-ranked MBA programs (full time) have experienced an increase in job landing rates for their graduates, according to Bloomberg BusinessWeek. Some of the schools that were able to make a slow recovery include Harvard Business School, the Kellogg School of Management of Northwestern University, the Wharton School of (University of Pennsylvania), and the Booth School of Business (University of Chicago).
Effects of recession still linger
However, the effects of recession can still be seen in the dramatically altered MBA career landscape. These effects include fewer or lower signing bonuses for MBA graduates, not-so-good compensation packages compared to previous years, and internships that have resulted to fewer or even zero job offers. Because of these lingering effects, some business school administrators are advising their students to adjust job expectations based on the current trends.
Still, some MBA graduates have expressed their optimism and persistence in landing a job with good perks and compensation packages. According to Olin Business School’s Weston Career Center director and associate dean Mark Brostoff, the marketplace for MBA graduates has improved, but it still needs a lot of boost.
Photo Credits: OpenSourceway